Foreclosure in Racine : Real Estate Advice

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Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
Can the bank sue me on a foreclosed house after the Sheriff sale providing it was originally ruled 6 month redemption and no deficiency Jmt?
Sue you for what? Need to narrow it down a little,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
0 votes Share Flag Tue Jul 24, 2012 Foreclosure in Racine
Kathy Persha,  in Clarkston, MI
Kathy Persha answered:
In a forclosure, what is meant by "No deficiency judgment; 6 month redemption period"?
A deficiency judgment is the difference between the amount that the lender receives on a short sale and the amount owed on the property. in most states, the lender has the right to pur ... more
0 votes Share Flag Tue Mar 2, 2010 Foreclosure in Racine
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